Benchmarking
Comparing a company’s performance metrics like profit margins, costs, or productivity against industry standards or top competitors. It helps identify strengths, spot weaknesses, and set performance targets. Benchmarking drives improvement by showing where a business stands in relation to others.
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Bank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest…
Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate…
Business Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating…
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